(NYSE: EBP) began trading its common stock today on the New York
Stock Exchange under the symbol EBP. Common shares in the company
previously traded on the NASDAQ National Market System under the symbol
EBPI. EBP has approximately 7.9 million common shares outstanding. In
addition, the company's convertible subordinated debentures began
trading on the New York Stock Exchange.

"EBP is pleased to join the New York Stock Exchange and feel this is a positive event for our shareholders," said EBP Chairman, President and Chief Executive Officer William E. Sagan. "We believe the New York Stock Exchange controls and policies will provide a favorable trading environment for the company's stock by contributing to its visibility and price stability."
EBP, headquartered in Minneapolis, is a leader in designing and managing self-funded employee benefit programs for companies throughout the United States. The company had revenues of $165.7 million and operating profit of $20.5 million in fiscal 1991.
-0- 12/11/91
/CONTACT: Lynne M. Warne of Employee Benefits Plans, Inc., 612-525-4352/
(EBP) CO: Employee Benefit Plans, Inc. ST: Minnesota IN: INS SU:

AL -- MN001 -- 1764 12/12/91 08:30 EST

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